2x Ether ETF
ETHU
33 hedge funds and large institutions have $25M invested in 2x Ether ETF in 2026 Q1 according to their latest regulatory filings, with 10 funds opening new positions, 10 increasing their positions, 6 reducing their positions, and 15 closing their positions.
100% more funds holding in top 10
Funds holding in top 10: 1 → 2 (+1)
67% more repeat investments, than reductions
Existing positions increased: 10 | Existing positions reduced: 6
39% more call options, than puts
Call options by funds: $34.8M | Put options by funds: $25M
1.06% less ownership
Funds ownership: 3.9% → 2.84% (-1.1%)
13% less funds holding
Funds holding: 38 → 33 (-5)
33% less first-time investments, than exits
New positions opened: 10 | Existing positions closed: 15
61% less capital invested
Capital invested by funds: $63.6M → $25M (-$38.5M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KCMH
Keywise Capital Management (HK)
Hong Kong
|
+$4.43M |
| 2 |
FIA
Foundations Investment Advisors
Phoenix,
Arizona
|
+$3.01M |
| 3 |
SH
SLT Holdings
Scottsdale,
Arizona
|
+$3.01M |
| 4 |
VF
Virtu Financial
New York
|
+$1.52M |
| 5 |
NL
NKCFO LLC
Geneva,
Illinois
|
+$1.37M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DS
DRW Securities
Chicago,
Illinois
|
-$22.1M |
| 2 |
IMC Chicago
Chicago,
Illinois
|
-$2.58M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$814K |
| 4 |
JF
Jump Financial
Chicago,
Illinois
|
-$676K |
| 5 |
Jane Street
New York
|
-$580K |
ETHU Hedge Fund Activity: Q1 2026 in Review
33 of the 8,128 institutional investors tracked by Wall St. Rank reported a position in 2x Ether ETF (ETHU) for Q1 2026, worth a combined $25M — down 61% from $63.6M a quarter earlier.
Sellers outnumbered buyers: 15 funds closed out of ETHU and 10 opened new positions — a net loss of 5 holders — while 6 trimmed existing stakes and 10 added.
The largest buyer was Keywise Capital Management (HK), adding an estimated $4.43M. The largest seller was DRW Securities, exiting entirely with an estimated $22.1M sold.
- 33 institutional investors held 2x Ether ETF (ETHU) as of Q1 2026, down from 38 in Q4 2025.
- Funds reported $25M of 2x Ether ETF stock for Q1 2026, down 61% quarter-over-quarter.
- 10 funds opened new 2x Ether ETF positions in Q1 2026 and 15 closed out, a net change of -5 holders.
- The largest 2x Ether ETF buyer in Q1 2026 was Keywise Capital Management (HK), an estimated $4.43M added.
- The largest 2x Ether ETF seller in Q1 2026 was DRW Securities, an estimated $22.1M sold.
Based on aggregated 13F filings for Q1 2026.